and a whole lot more…

$V said that its global business benefited in 3Q17 from an overall healthy economy as payments volume grew in all the major regions. In US, strong consumer confidence drove the spending growth. China payments volume growth remained low driven by the dual currency. In India, $V is progressing with digital payments on the backdrop of demonitization.

For FY18, $V expects revenue to grow in the high single digits on a nominal dollar basis. Class A common stock EPS is estimated to be in mid-40's on a GAAP nominal dollar basis and high end of mid-teens on a non-GAAP nominal dollar basis. FY18 outlook includes Visa Europe integration charges of around $60MM for the full-year.

Riding on the increase in processed transactions and payment volume, $V reported higher bottom line and topline results for its final quarter of FY17. Net income grew 11% to and EPS rose 14% to $0.90 compared to 4Q16. Revenue surged 14% to $4.9Bil. Processed transactions hiked 13% to 29.2Bil, while payment volume rose 10% to $1.93Bil in 4Q17.

$V announced that $FB will use Visa Token Service, a security technology from Visa. The Visa Token Service replaces sensitive payment card account information with an unique digital identifier (a “token”) that can be used to process payments without exposing actual account details.

$V raises its dividend rate by 18%. The Board announced a quarterly cash dividend of $0.195 per share of Class A common stock. This dividend is payable on Dec. 5, 2017, to shareholders as of Nov. 17, 2017.

$V named Charlotte Hogg as CEO for its European operations effective Oct 1, 2017. Hogg will report to Visa’s CEO, Al Kelly, and Visa Europe Limited Board Chairman, Gary Hoffman. Most recently, Hogg served as COO of Bank of England from which she resigned due to the criticism of failing to declare her brother's role at Barclays Bank.

$V invests in card processing startup Marqeta. The Oakland, California-based startup, which was founded in 2010, will work with Visa to drive further innovations in commercial and consumer payments. The other recent investments made by Visa includes Chain, Klarna, Square and Stripe.

Financial services provider $V opens two data centers in Singapore and UK. The Singapore and UK data centers will aim at increasing its worldwide presence with Visa’s existing processing facilities in North America. Visa plans to start processing global transactions in the two facilities in 2018.

$V said that business in India is progressing and company is benefiting from the government's decision to reduce cash and promote digital payments. But there is a heavy competition from the local players. The company said that it will try to win at least a fair amount of share if not more of the business in India.

$V said that the UK region benefited in 3Q17 as the lower value of the pound drove inbound traffic into the UK. Also, the company added that other regions in Europe like France, Spain and Nordics are performing well.

$V said that its global business benefited in 3Q17 from an overall healthy economy as payments volume grew in all the major regions. In US, strong consumer confidence drove the spending growth. China payments volume growth remained low driven by the dual currency. In India, $V is progressing with digital payments on the backdrop of demonitization.

Total payments volume for $V surged 38% to $1.9 trillion in 3Q17, while in US it spiked up 12% to $840Bil. Total processed transactions, which represent transactions processed by Visa, climbed 44% to 28.5Bil. GAAP OpEx declined 52% to $1.5Bil. Results in the prior year quarter included the special items related to the acquisition of Visa Europe.

$V, which competes with $MA and $AXP, lifted its financial outlook for FY17. Net revenue is expected to grow 20% on a nominal dollar basis compared to the previous growth guidance of 16-18%. GAAP EPS growth is expected to be in low double-digits on a nominal dollar basis and non-GAAP EPS is expected to grow about 20%.

Payments network operator $V's profit soared in 3Q17, helped by the increased consumer spending in US, payments growth volume, and the purchase of Visa Europe, which was acquired by Visa in June 2016. Net income quadrupled to $2.06Bil compared to $430MM in the prior year quarter. Diluted EPS on Class A shares also rose more than 400% to $0.87.

To boost digital and mobile payments, $V and $PYPL extended their partnership in Europe as they have done in the US and Asia-Pacific regions. PayPal will use its banking license in Europe to offer Visa accounts. Visa and PayPal already extended their partnership in early April across Asia-Pacific to accelerate digital and mobile payments.

$V launched "The Visa Cashless Challenge", an initiative to encourage businesses to go cashless. Visa will award up to $500,000 to the selected 50 US-based small food service owners who are committed to join the digital payments. Visa, the official sponsor of Formula E race in Brooklyn, New York City, will also accept digital payment for the event.

$V and Klarna reached an agreement for Visa to invest in Klarna, and plan to develop a future strategic partnership. Klarna is one of Europe's fastest growing online payments companies, serving 60MM consumers and 70,000 retailers. This demonstrate Visa and Klarna's shared vision to accelerate online and mobile commerce.